Analysts' Actions -- Chipotle, HP, Kellogg, Panera and More

Here are Monday's top research calls, including upgrades for Hewlett-Packard, Panera Bread and Kellogg, and a downgrade for Chipotle Mexican Grill.
By TheStreet Staff ,

RATINGS CHANGES

Chipotle Mexican Grill (CMG) - Get Report was downgraded to neutral from buy at Sterne Agee CRT. E. Coli risk remains a moving target, Sterne Agee said.

CenturyLink (CTL) - Get Report was upgraded to buy at TheStreet Ratings. You can view the full analysis from the report here: CTL.

Dick's Sporting Goods (DKS) - Get Report was upgraded to buy from hold at Canaccord Genuity. $48 price target. The worst is likely behind the company, which is trading at just 12 times expected earnings, Canaccord said. 

Hewlett-Packard (HPQ) - Get Report was upgraded to buy from hold by Maxim. $17 price target. The company is expanding margins and can return more cash flow to investors, Maxim said. 

Kellogg (K) - Get Report was upgraded to outperform from neutral at Credit Suisse. $76 price target. The company offers the best risk-reward in the industry, Credit Suisse said. 

KeyCorp (KEY) - Get Report was upgraded to buy at Jefferies. The stock has a low valuation and looks attractive based on the analysts' $15 price target, Jefferies said. 

Procter & Gamble (PG) - Get Report was upgraded to buy at TheStreet Ratings. You can view the full analysis from the report here: PG.

Panera Bread (PNRA) was upgraded to buy from hold at Maxim. $210 price target. The company should benefit from a defection of traffic from Chipotle, Maxim said. 

Phillips 66 (PSX) - Get Report was downgraded to sell from neutral at Goldman Sachs. $85 price target. The company has a below average free-cash flow yield, Goldman said. 

Synchrony Financial (SYF) - Get Report was upgraded to buy from neutral at Sterne Agee CRT. The stock looks attractive based on analysts' $38 price target and the valuation is low, Sterne Agee said. 

Viacom (VIAB) - Get Report was downgraded to hold from buy at Deutsche Bank. $56 price target. The valuation has become less attractive following the stock's 35% rally over the past three months, Deutsche Bank said. 

This article was written by a staff member of TheStreet.

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